This has been a good year for Mary Jo White, the new chair of the Securities and Exchange Commission, and not such a good one for Apple Inc. Chief Executive Tim Cook and New York hedge fund manager Bill Ackman.
That’s the view of Worth magazine, which pegged White as the most powerful person in finance, ahead of President Obama and Fed Chairman Ben S. Bernanke.
The magazine this week released an updated list of the 100 most influential people in finance, introducing White at the top of the list, while Cook and Ackman got the ax. Bill Gates, Peter Thiel and Warren Buffett fell, but stayed in Worth's top 100.
“This year’s list is compelling in many ways, starting with the fact that a woman, SEC Chair Mary Jo White, holds the top spot for the first time,” said Worth’s editor, Richard Bradley. “What we saw over the last 12 months was really a clash of the titans — the most powerful figures at the country's biggest banks squaring off against the most powerful regulators and prosecutors in Washington and New York.”